Chippy -
The boats usually have a hull, a bow, and a big motor in the back. They could cost as little as $10 (for the Dixie Duck) up to millions (for the Contessa and the Phantom Sterling Boat.)
You don't gamble on them. You just take the money out of your pocket and throw it over the side. I find that makes it quicker for me.
The Titanic collector chips are located off the coast of Palm Beach, in a boat that Mr. Ginsburg could tell you more about.
Regards and happy chippin'
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